🚨 New exclusive interview with ECB Executive Board member @Isabel_Schnabel . 🔹'The bar for another rate cut is very high', she says in an exclusive interview with Econostream. Full story👉

Full interview here → 🔔 Follow @Econostream for exclusive interviews with ECB Governing Council members.

🧭Market reaction:. 💶The euro strengthens slightly.📈Expected end-2025 interest rate increases.

🇪🇺On the strength of the euro:. '[T]he fear of the exchange rate appreciation putting downward pressure on underlying inflation is exaggerated in my view, as the pass-through is likely to be limited.'. That’s a direct challenge to one of the more dovish arguments for caution,.

💸 On inflation: . ‘I see no risk of a sustained undershooting of inflation over the medium-term.’ . A clear pushback against the case for more cuts. It’s another firm signal of her hawkish tilt and the growing divergence on the Council.

📉 On growth: . 'Overall, the risks to the growth outlook in the euro area are now more balanced.'. Schnabel is not only signaling a cautious stance on further easing, she’s also subtly distancing herself from colleagues who remain heavily focused on downside risks.

🚨 ICYMI: #EXCLUSIVE — ECB’s @Isabel_Schnabel to Econostream: . 'From today's perspective, a further rate cut is not appropriate.'. 🧵Key quotes + context from today’s interview:

ECB Insight: Schnabel Casts Further Doubt on September Cut #ECB #centralbanks #monetarypolicy

Big contrast from the ECB today:. 🇮🇹 Italy's Panetta opens the door to more cuts if growth weakens further and strengthens disinflation, sounding cautious but clearly dovish. 🇩🇪 ECB's Schnabel slams that door shut: 'The bar for another rate cut is very high.'. 🧐 Which path is

💥'From today’s perspective, a further rate cut is not appropriate'. 🎙️In an exclusive Econostream interview, @Isabel_Schnabel signals a potential end of the ECB's recent policy easing. Read the interview 👇.

RT @ecb: The ECB is in a good place as medium-term inflation is projected to be at target and risks to the growth outlook are more balanced….

Transcript: Interview with Icelandic Ministry of Finance Head of Funding and Debt Management Esther Finnbogadóttir #ECB #centralbanks #monetarypolicy

Exclusive: Icelandic Debt Management Head: Will Probably Issue 2044 Maturity in Q4 #ECB #centralbanks #monetarypolicy

🚨 New update on Econostream’s ECB hawk-dove ranking:. ⬇️ Belgium's Wunsch slides down the hawkish scale after softening his tone. Still a hawk, but less talon, more caution. Check out the full ranking 👉

Full interview here →. 🔔 Follow @Econostream for exclusive interviews with ECB Governing Council members.

🧭 Market takeaway:. Centeno’s message:.📉 Need growth for 2% inflation.🧊 Undershooting inflation main risk.↘️ More cuts if trend persists?.

📆 On timing and magnitude of future moves:. ‘I don’t know if 25bp will do the trick. The amount and timing of further cuts are difficult to say.’. Centeno suggests that a single cut won't suffice.

💸 On inflation:. ‘Undershooting is the main risk now.’. While other GC members talk of symmetrical risks, Centeno stays firmly on the dovish side.

📉 On growth:. ‘With the current numbers we will still be restrictive at 2% if output doesn't recover.’. Centeno flags stagnant growth as a trigger for further monetary accommodation.

🚨 EXCLUSIVE — ECB’s Centeno to Econostream:. ‘If economic growth is flat in the next couple of quarters, investment doesn’t pick up, and inflation remains close to 1%, we will have to do something.’. 🧵Key quotes + context from today’s interview: